Duplex Property with Finished
New
For Sale
$826,888
442 Elverton Avenue, Staten Island, NY 10308
Residential, Staten Island, NY
Property Size1,408 SF
Lot Size0.07 Acres
Price / SF$587.28
Days on Market1
Property Features for 442 Elverton Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4
Parking features
On Street, Driveway, Off Street
Patio and Porch features
Deck, Patio
Pool private
1
Interior features
Ceiling Fan(s)
Exterior features
Outdoor Grill
Basement
Full, Finished
Appliances
Humidifier, Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Front Yard, Back Yard, Side
Subdivision
Great Kills
Standard status
Active
APN
05448-0037
Size
1,408 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
6872
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
hardwood floors
eat-in kitchen
granite countertops
stainless steel appliances
sliding glass doors
finished basement
deck
above-ground pool
storage sheds
attic fan
central air conditioning
Building Details
Year built
1965
Floors in Building
2
Building materials
Stone, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Deborah Bracco
(718) 619-5701
Added: Sep 9
Last Checked: Sep 9 at 4:06PM
MLS# 2605071
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property includes 1,408 square feet of interior space on a 0.0735-acre corner lot. The residence features four bedrooms, two full bathrooms, a newer half bath, a living and dining area with a bay window, and an eat-in kitchen with maple cabinetry, granite counters, and stainless steel appliances. A finished basement adds flexible interior space, storage, and a utility room, while the walk-up attic provides additional storage. Central air conditioning, forced-air natural-gas heat, a washer and dryer, and a refrigerator in the basement are included.
Outdoor improvements include a PVC deck, patio, above-ground pool with a newer liner, backyard space, and three storage sheds. The property also offers driveway and off-street parking, public sewer service, and R3-1 zoning. The roof, bathrooms, and washer and dryer were improved approximately 7 years ago. Transportation, shopping, restaurants, and schools are located nearby.
Outdoor improvements include a PVC deck, patio, above-ground pool with a newer liner, backyard space, and three storage sheds. The property also offers driveway and off-street parking, public sewer service, and R3-1 zoning. The roof, bathrooms, and washer and dryer were improved approximately 7 years ago. Transportation, shopping, restaurants, and schools are located nearby.
Key Highlights
- 1,408 SF duplex property on a 0.0735‑acre corner lot
- Four bedrooms, two full baths, and a newer half bath
- Finished basement with storage and utility room; walk‑up attic with partial plywood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,014
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$700,280
$700.3K
Cap Rate 7%
$500,200
$500.2K
Cap Rate 9%
$389,044
$389.0K
Market Conditions
NOI Build-Up for 1,408 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.4K $37.20/SF
− Vacancy
−$2.4K −$1.67/SF
EGI
$50.0K $35.53/SF
− OpEx
−$15.0K −$10.66/SF
NOI
$35.0K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$700,280
Cap Rate 7%
$500,200
Cap Rate 9%
$389,044
Alternative Uses
Best Use
Multifamily LT 5
$500.2K
$437.7K – $583.6K
NOI $35,014 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$446.1K
$390.3K – $520.4K
NOI $31,224 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$671.8K
$587.9K – $783.8K
NOI $47,028 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - R3-1 property with four bedrooms, updated baths, private outdoor amenities, and convenient access to transportation, shopping, dining, and schools.
Where is this duplex located?
The property is located at 442 Elverton Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $826,888.
What are key features of this property?
This property features: 1,408 SF duplex property on a 0.0735‑acre corner lot; Four bedrooms, two full baths, and a newer half bath; Finished basement with storage and utility room; walk‑up attic with partial plywood flooring
